ERP systems make it easier for an organization to implement an activity based costing approach.

Question

Quizplus · Accepted Answer

ERP systems provide accurate data and information that enables an activity-based costing approach, which allocates costs based on activities performed rather than on the traditional approach of direct and indirect costs. It helps track and control costs associated with each business process and activity within an organization.

ERP Systems Make It Easier for an Organization to Implement